Norway's December Oil Output Misses Forecast

Published

© AValeri Belov / Adobe Stock
© AValeri Belov / Adobe Stock

Norway's oil production fell by 2.1 percent year-on-year in December and lagged the Petroleum Directorate's forecast for the month by 2.5 percent amid technical problems at some offshore fields, the industry regulator said on Monday.

December natural gas output fell by 2.5 percent year-on-year, lagging forecasts by 3.6 percent, it added.

Norway recently predicted its 2019 oil output would fall to a 30-year low, although it is expected to rebound next year following the start-up later this year of the giant Johan Sverdrup oilfield.


(Reporting by Terje Solsvik, editing by Gwladys Fouche)

Current News

KOIL Energy Lands First Brazil Subsea Maintenance Job

KOIL Energy Lands First Brazil

Allseas Readies Overhauled Solitaire Pipelayer for Gulf Return

Allseas Readies Overhauled Sol

Oil Eases After Topping $100, Still Set for Weekly Rise

Oil Eases After Topping $100,

Expro Strengthens Offshore Drilling Business with New Acquisition

Expro Strengthens Offshore Dri

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine